Funding arb · Price arb /

VST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h 0.000%

Price spread now: Binance against QFEX+0.198%7-day average +0.284% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.161%−$16 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.198%, 7d avg +0.284%

Together, before fees−0.310%−$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.086% cheaper against QFEX than usual: you would sell low and buy high (spread +0.198% now, against its 7-day average of +0.284%). If the spread goes back, that is −$9 on $10k: about 26 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 4 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX VST-USD	141.61	0	get 0.0000% / 1h	29m 56s	$1.2M	$618K	10x
Short	Binance VSTUSDT	141.89	0.0265	get 0.0265% / 8h	3h 29m	$1.5M	$853K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee BinancebpOrdersPrice spread, now +0.198%Rate

Funding earned: $55.55
Price spread: +0.198% → +0.284%: −$8.61
Slippage, 4 orders: −$52.07
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.14
Costs to cover: 0.721%
Break-even: 10.2 days

Slippage from QFEX: live order book, 1 min ago; Binance: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 1 min ago	2.83 bp	14.7 bp −$15	20.8 bp −$208	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	3.17 bp	26.5 bp −$27	82.5 bp −$825	doesn't fit	doesn't fit

VST on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX VSTUSDC	−0.0820%	4h	141.91	+0.215%	$23K	$205K	10x	as long as short
Bybit VSTUSDT	0.0000%	8h	141.60	−0.007%	$392K	$123K	25x	as long as short
QFEX VST-USDlong	0.0000%	1h	141.61	long leg	$1.2M	$618K	10x
Gate VST_USDT	0.0000%	8h	141.93	+0.226%	$257K	$249K	20x	as long as short
Bitget VSTUSDT	0.0000%	8h	142.02	+0.290%	$2.3M	$1.1M	20x	as long as short
HTX VST-USDT	+0.0100%	8h	141.87	+0.184%	$7K	$351K	10x	as long as short
Injective VST/USDC PERP	+0.0220%	1h	143.69	+1.469%	$5K	$9K	12x	as long as short
Binance VSTUSDTshort	+0.0265%	8h	141.89	+0.198%	$1.5M	$853K	20x
Paragon para:VST	+0.0512%	1h	141.52	−0.064%	$2.3M	$717K	10x	as long as short